US Treasury Secretary Henry Paulson goes on record, calls housing crash bottom

Ha.

Ha ha ha ha.

Ha ha.

Ha ha ha ha ha ha ha ha ha ha ha.

Ha.

Ha ha.

Ha ha ha.

Treasury Secretary Henry Paulson delivered an upbeat assessment of the economy, saying growth was healthy and the housing market was nearing a turnaround.

"All the signs I look at" show "the housing market is at or near the bottom," Paulson said in a speech to a business group in New York. The U.S. economy is "very healthy" and "robust," Paulson said

FLASH: NAR finally admits housing prices to fall. Related story: Hell freezes over

The Corrupt David Lereah and NAR were confirmed today as liars for all to see. And HP and the bubble blogs are confirmed today (by the NAR) as beacons of truth.

God, I have no idea how TCDL keeps his job. And I have no idea why anyone in the MSM would give that man or the NAR any credence ever again. Nice to see Motley Fool and DavidLereahWatch both hit TCDL good today too... At least someone's awake.

Liars I say. Bald face, corrupt, discredited liars.

Realtors group: Median home prices will decline for first time in 4 decades

WASHINGTON -- The National Association of Realtors on Wednesday said it expects the national median price for existing homes to drop this year for the first time since the trade group began keeping records in the late 1960s.

The group also lowered its 2007 sales forecast for new and existing homes. Tighter lending standards and the continued fallout from the subprime mortgage market are to blame, NAR spokesman Walter Molony said in an interview.